Private equity firm Warburg Pincus has placed its portfolio company RimRock Oil & Gas up for sale, three people familiar with the matter said, aiming to take advantage of the upswing in commodity prices to offload...
Govt to sell up to 1.5% stake in ONGC to raise Rs 3,000 cr
The government will this week sell up to 1.5 per cent of its stake in the country’s top oil and gas producer ONGC to raise about Rs 3,000 crore. The Offer For Sale (OFS) by the government will be open on March 30...
HDFC sells over 2% stake in Hindustan Oil Exploration during July-Mar for Rs 61 crore
Country’s largest mortgage lender HDFC Ltd has sold over 28.89 lakh shares held in Hindustan Oil Exploration Ltd (HOEC) during July 2021 to March 2022 for Rs 61 crore. Out of 1,15,72,786 equity shares of Rs 10...
Shell frontrunner in race to acquire Actis’ Sprng Energy
Oil and gas major Royal Dutch Shell has emerged as the frontrunner to acquire Sprng Energy, the Indian renewable platform of Actis, said people aware of the matter. Shell’s offer that was submitted last week, valuing...
Private equity-backed Canadian oil producer Serafina Energy eyes sale -sources
Private equity-backed Canadian heavy oil producer Serafina Energy is looking at a possible sale of the company, figuring that high crude prices will boost its value, sources familiar with the matter told Reuters. The...
Private equity-backed Strathcona buys rival Caltex, Tucker assets
Canadian oil and gas producer Strathcona Resources Ltd said on Monday it has bought rival Caltex Resources Ltd, as it looks to expand its oil-recovery portfolio in Saskatchewan. Oil and gas producers across North...
U.S. shale oil and gas producers Oasis and Whiting in talks to merge – source
U.S. shale oil and gas producers Oasis Petroleum Inc and Whiting Petroleum Corp are close to agreeing an all-stock merger that could be announced as soon as this week, a source familiar with the matter said on Sunday...
Shell buys into Australian wind farm developer with $4 bln project portfolio
Global oil and gas major Shell Plc has agreed to buy a 49% stake in wind farm developer WestWind Energy’s Australian arm as it looks to build a low-carbon power generation business in the country, the two...
Russia’s Lukoil completes purchase of stake in offshore oil project in Mexico
Russia’s second-largest oil producer Lukoil said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive to expand its global reach. The...
Haldia Petro to acquire Coastal Oil & Gas Infra under bankruptcy route
A bankruptcy court order approving Haldia Petrochemicals’ proposal to acquire Coastal Oil & Gas Infrastructure Pvt Ltd at just Rs 1 crore above the liquidation value has again brought to the fore the concerns...
Chevron seeks to sell Equatorial Guinea oil and gas assets -sources
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, the industry sources told Reuters. The U.S. company acquired the...
Spanish oil major Repsol looking to sell parts of its Canadian assets -sources
Spanish oil major Repsol SA is considering putting some of its Canadian assets for sale later this year as it looks to reap the benefits of higher oil and gas prices, four sources told Reuters on Monday. Repsol is...
